Investment company Hyperion Flagship Investments (HIP) has appointed international freight industry expert Patrick Corrigan as a non-executive director.
Corrigan has founded and run a number of freight companies throughout his career and now focuses on consultancy and directorships.
"Pat's acumen in investments, accounting, financial management and general business experience will be a real asset to HIP's board," HIP managing director Manny Pohl said.
"We have worked together already and in my view Pat's greatest strength is his far-reaching experience and commercial bias."
HIP engages Hyperion Asset Management as its funds manager and focuses on investing in Australian companies that exhibit growth capacity.
Hyperion Asset Management dictates the composition of HIP's portfolio, with HIP's board of directors monitoring Hyperion Asset Management's performance and investment decisions.
In February, HIP reported a fall of 158.5 per cent in profit after tax and after realised losses on long-term investments for the six months to 31 December 2008 compared to the previous corresponding period. The firm's net loss attributable to shareholders was also down 158.5 per cent for the period.
